KLA-Tencor (NASDAQ:KLAC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

Several other brokerages have also commented on KLAC. Evercore ISI raised KLA-Tencor from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a report on Tuesday, September 4th. Citigroup dropped their price objective on KLA-Tencor from $128.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. ValuEngine lowered KLA-Tencor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research lowered KLA-Tencor from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, Cowen raised their price objective on KLA-Tencor from $140.00 to $148.00 and gave the company an “outperform” rating in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. KLA-Tencor presently has a consensus rating of “Buy” and a consensus target price of $136.14.

Shares of KLAC opened at $90.28 on Tuesday. The company has a current ratio of 3.73, a quick ratio of 2.97 and a debt-to-equity ratio of 1.38. KLA-Tencor has a 12 month low of $89.09 and a 12 month high of $123.96. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.35 and a beta of 1.57.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.14 by $0.08. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.64 earnings per share. KLA-Tencor’s quarterly revenue was up 14.0% compared to the same quarter last year. Research analysts anticipate that KLA-Tencor will post 9.06 earnings per share for the current year.

In other news, insider Brian M. Trafas sold 649 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $116.42, for a total value of $75,556.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Virendra A. Kirloskar sold 1,537 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $118.87, for a total value of $182,703.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,880 shares of company stock worth $6,075,839. Company insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of KLA-Tencor by 187.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,042 shares of the semiconductor company’s stock valued at $107,000 after acquiring an additional 679 shares in the last quarter. Sonora Investment Management LLC lifted its position in shares of KLA-Tencor by 905.7% in the second quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 960 shares in the last quarter. Exane Asset Management purchased a new position in shares of KLA-Tencor in the second quarter valued at approximately $165,000. Piedmont Investment Advisors LLC purchased a new position in shares of KLA-Tencor in the second quarter valued at approximately $181,000. Finally, First Mercantile Trust Co. lifted its position in shares of KLA-Tencor by 41.1% in the second quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 534 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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